Auto Industry continues to decline in May 2019

The Society of Indian Automobile Manufacturers has released sales numbers and according to the report, the Indian automotive industry has shown a decline in the sales figures as compared to last year for the same period.

The commercial vehicle market was down by 8.05%. Where the medium and heavy commercial vehicles saw a decline of 16.72% and the light commercial vehicle market saw a decline of 2.44% in April0May 2019 as compared to the figures from last year during the same period.

The passenger car sales declined by 22.98%, utility vehicles sales were down by 6.15% and vans down by 28.57%, making an 18.82% total decline within the passenger vehicle segment in April-May 2019.

The three-wheeler market saw a dip by 6.56%, where goods carrier were down by 2.53% and the passenger carrier sales down by 7.55%.

In the two-wheeler segment, the growth was down by 11.68% and within the sector, the scooters saw minus 17.67%, motorcycles by minus 8.36% and mopeds by minus 17.72% growth in April-May 2019.

Similarly, the exports have also declined and the overall numbers were down by 0.27% in April-May 2019, where commercial vehicles and three-wheelers contributed to a de-growth of 55.01% and 10.91% respectively. But, the passenger vehicles show positive growth of 5.24% and two-wheelers show a growth of 1.65%.

The complete analysis can be summarised by looking at the sales statistics from Vahan Dashboard and SIAM:-